Let’s book profits on our Blackstone (BX) put ahead of tomorrow’s Federal Reserve announcement, earning a 0.6% return in six days, or 37% annualized.
Current Stock Price: $92.28
Cash in Hand: $0.95
Action: Buy to close the BX Nov Week One (11/4) 87 Put for around $0.42, but adjust as needed to close today
Profit: $0.53, or $53 per contract